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US Government Reportedly to Announce Adjustment to Steel and Aluminum Tariffs as Early as This Week
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The Wall Street Journal, citing sources, reported that the US government is preparing to announce as early as this week that finished products made with imported steel and aluminum will be subject to a 25% tariff, in a move to simplify compliance procedures. The change is expected to ultimately lead to an effective increase in costs for many imported goods. Sources said the 25% tariff will apply to the total sales price of finished products containing steel and aluminum, replacing the current 50% tariff that applies only to the value of the metal raw materials used in the products. However, for commodity-grade steel and aluminum products, the 50% tariff will remain unchanged. (mn/w) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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